Soccer Club Places Huge Kalshi Bet Against Itself
Source ↗
👁 0
💬 0
A top soccer club in Spain placed a “multimillion dollar bet against itself” on the prediction market Kalshi, Semafor reports — as an insurance policy.
The unnamed club was at risk of being relegated from La Liga, the top flight of Spanish football and the stomping ground of giants like Real Madrid and FC Barcelona.
Being demoted to a lower league — a scenario that may be unfamiliar for American sports fans, where the largest sports leagues are franchised — is financially
The unnamed club was at risk of being relegated from La Liga, the top flight of Spanish football and the stomping ground of giants like Real Madrid and FC Barcelona.
Being demoted to a lower league — a scenario that may be unfamiliar for American sports fans, where the largest sports leagues are franchised — is financially
Comments (0)